Aging at home
Philips said it would bring Spencer's pill dispenser to six European countries, starting in the Netherlands before the end of 2019.
A dated step forward on the record · Company-reported
What the source says
“Austria, Belgium, Germany, Luxembourg, Switzerland and the Netherlands.”
What it means
Automatic pill dispensers, from Hero Health, Spencer Health Solutions (Custom Health), Philips, is at stage 4 of 5 on our ladder: paying customers. Its stage is set by other milestones on its record; this one adds to the history. This line rests on the company's own announcement; no regulator, customer or independent report confirms it in our sources yet.
Human help: Our sources report it working without human help.
More on Automatic pill dispensers
- Hero says Medicare does not pay for a direct Hero subscription, though some patients can get it cheaper or free through a doctor's remote monitoring programme.
- Custom Health completed the purchase, making Spencer a fully owned subsidiary.
- Canadian company Custom Health agreed to buy Spencer Health Solutions, maker of the spencer dispenser, in a deal valued at about $23.5 million, mostly paid in shares.
- Hero said it had dispensed more than 50 million pills in every US state since 2018.
- Hero teamed up with the group Protect Native Elders to give 50 Navajo Nation members its service, paying the full subscription for three years.
- Hero went on sale to US consumers, backed by $12 million in Series A funding. It cost $299 up front plus a subscription, or $19.95 a month on a two-year plan.